Mkt 421 final exam
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    Mkt 421 final exam Mkt 421 final exam Document Transcript

    • Marks: 81MKT 421 FINAL EXAMQuestion No: 1 (Marks: 1) - Please choose oneWhen using the Internet as a distribution channel, the e-vendor must be concerned with avariety of issues. Which of the following would not among those issues? Adaptation Local contact Promotion All of the given options
    • Question No: 2 ( Marks: 1 ) - Please choose one The unconscious use of the values, experiences, and knowledge of ones own culture as a guide to decision making in a different culture is best described by which of the following? Self-reference criterion Cultural insensitivity Cultural elitism EthnographyQuestion No: 3 ( Marks: 1 ) - Please choose oneThe Mobilink Limited Company strives to develop standardized marketing mixes for itsproducts that will be generally applicable across national borders. The firms philosophywould be best described as: Multi-domestic market orientation Ethnocentric marketing orientation Domestic market extension Global marketing orientationQuestion No: 4 ( Marks: 1 ) - Please choose oneIf a company is transferring its goods and services to its customer, this transaction isbased on: Barter system Exchange Transformation Relationship
    • Question No: 5 ( Marks: 1 ) - Please choose oneWhich of the following concepts takes an "inside-out" view of the firm? Selling concept Market offering Marketing concept Societal marketing conceptQuestion No: 6 ( Marks: 1 ) - Please choose oneWhich statement is a best description of pure marketing concept? Product or services developed first and look for need later. Look for need first and developed product or services later. Set target market first then proceed further Start your marketing procedure from customer feed backQuestion No: 7 ( Marks: 1 ) - Please choose oneA contract in which an individual receives financial reimbursement against losses fromthe contractual company. Which one of the following is a best term for such contract? Insurance Risk management Financial loss recovery Banking contract
    • Question No: 8 ( Marks: 1 ) - Please choose oneAccording to the view of Michael Porter, firm fist develop product for domestic marketlater on lunch in international market. This view is consistent with which of the followingfactors? Factor conditions Demand conditions Related & supporting industries Firm strategy, structure & rivalryQuestion No: 9 ( Marks: 1 ) - Please choose oneHistorical data of a firm is sufficient to find which of the following information? Trend in sales and profits Trend in sales only Trend in profits only Either trend in sales or profitsQuestion No: 10 ( Marks: 1 ) - Please choose oneWhich one of the following products are NOT subject to price controls? Pharmaceuticals Foods Gasoline All subject to price controlsQuestion No: 11 ( Marks: 1 ) - Please choose oneIndicate the concept given below that explains the human-made part of the humanenvironment . Anthropology Sociology Personal relations Culture
    • Question No: 12 ( Marks: 1 ) - Please choose oneThe focus of physical environment is on which of the following variables? Shipping distance National economics priority Balance of payment Focus on difference and similarityQuestion No: 13 ( Marks: 1 ) - Please choose oneSurvey research, called the backbone of primary research, is the most widely usedmethod for primary data collection and is best suited for gathering which of the followinginformation? Personal Attitude Descriptive ExploratoryQuestion No: 14 ( Marks: 1 ) - Please choose oneWhich of the following is considered a smart way to recover cost of research anddevelopment? Foreign direct investment Licensing Sharing ideas Franchising Question No: 15 ( Marks: 1 ) - Please choose one Not a single firm is really the master in all the technologies in the world. Which of the following tools a firm should adopt to overcome this weakness? Cross licensing Negotiation tool Franchising Idea sharing
    • Question No: 1 ( Marks: 1 ) - Please choose one Franchising in a business field is working on which of the following rule?  Management-oriented  Production-oriented  Workforce-oriented  Market-oriented Question No: 2 ( Marks: 1 ) - Please choose one An organization that wants to emphasize high quality will offer customers more than ___ enforced by the courts.  Performance levels  Quality levels  Implied warranties  Quantity level
    • Question No: 7 ( Marks: 1 ) - Please choose oneMention the correct order in finding potential customer according to your marketingexpertise.  Segmentation, dement measurement, targeting, positioning  Dement measurement, segmentation, targeting, positioning  Segmentation, targeting, positioning, dement measurement  Dement measurement, targeting, segmentation, positioningThis step also involves identifying the potential buyers, demand measurement & forecasting,market Segmentation, market targeting & market positioning.Question No: 8 ( Marks: 1 ) - Please choose oneA marketer require information for multipurpose, which one is NOT fall in such kind ofinformation?  Competitor information  Market potential  Prescriptive information  Imitation variableQuestion No: 9 ( Marks: 1 ) - Please choose oneIdentify the system of account that record a nation s international financial transaction.  Balance of trade  Balance of payment  Balance of import  Balance of export
    • Question No: 10 ( Marks: 1 ) - Please choose oneAn international marketer needs information about its competitor. Identify the nature ofinformation required in this regard?  On continuous basis  On sudden basis  Once required  Once updated informationThe Competition:A firm needs information about its competition in international markets on a continuous basis tomake appropriate decisions.Question No: 11 ( Marks: 1 ) - Please choose oneKind of information like channels of distribution: their shape, functions, evolution &performance belongs to which broad category?  Marketing mix information  Product related information  Competitor information  Advertising informationQuestion No: 12 ( Marks: 1 ) - Please choose oneAll of the following are the forms of export subsidies EXCEPT:  Tax breaks  Products price support  Cheaper resources  Regulate foreign businesses• Tax breaks• Direct payments to producers• Product price support• Cheaper resources (i.e. land, utilities)• Public services provided at lower cost
    • Question No: 13 ( Marks: 1 ) - Please choose oneHofstede s _____ dimension is thedegree to which people in a country prefer, structured over unstructured situations.  Power distance  Individualism  Uncertainty avoidance  AchievementHigh uncertainty avoidance - structured organizational activities, more written rules, less risk taking bymanagers, lower labor turnover, less ambitious employees (Germany, Japan & Spain)Question No: 14 ( Marks: 1 ) - Please choose oneSurvey research, called the backbone of primary research, is the most widely usedmethod for primary data collection and is best suited for gathering which of the followinginformation?  Personal  Attitude  Descriptive  ExploratoryExploratory research - is to gather preliminary information that will help define the problem andsuggest hypothesisQuestion No: 15 ( Marks: 1 ) - Please choose oneIdentify the best way of sharing technology with other party through licensing?  Updating technology  Making independent  Sharing once  Sharing twice
    • uestion No: 38 ( Marks: 1 ) - Please choose oneIdentify the concept in which marketers try to create distinct image or identity in theminds of their target customers/consumers?  Market targeting  Market positioning  Market segmentation  Market repositioningQuestion No: 39 ( Marks: 1 ) - Please choose oneWhen customers/consumers may have too narrow image of any brand, is distinguish inwhich of the following way?  Under positioning  Over positioning  Confused positioning  Doubtful positioning– Under-positioning• Buyers have only a vague idea of the brandQuestion No: 40 ( Marks: 1 ) - Please choose oneShopping goods are part of which type of category?  Consumer product  Industrial product  Individual product  Augmented productInternational product classification:• Consumer products– Convenience– Shopping– Specialty– Unsought
    • Question # 1 of 20 ( Start time: 04:13:08 PM ) Total Marks: 1Which of the following is the part of the marketing process?Select correct option:  Marketing strategy Favorable trade polices Market globalization drivers Common marketing regulationsQuestion # 2 of 20 ( Start time: 04:13:55 PM ) Total Marks: 1Which one of the following is an acronym of SWOT?Select correct option:  Strategy, working, opinion, tactical Strengths, weaknesses, opportunities, threats Strategy, work, openness, toughness Strategy, weakness, opinions, tacticsQuestion # 3 of 20 ( Start time: 04:14:20 PM ) Total Marks: 1A cross-licensing agreement is a contract between two or more parties where each partygrants rights to their intellectual property to the other parties UNLIKE:Select correct option:  Copyrights Trademarks Patents Legal acts
    • Question # 4 of 20 ( Start time: 04:15:46 PM ) Total Marks: 1Following are the forms of foreign direct investment EXECPT:Select correct option:  Management expertise Latest technologies Capital LaborQuestion # 5 of 20 ( Start time: 04:17:08 PM ) Total Marks: 1Which of the following theory holds that a nation should produce & export those goods& services for which it is relatively more productive than other nations?Select correct option:  Theory of absolute advantage Theory of comparative advantage International product life-cycle theory None of the given optionsQuestion # 6 of 20 ( Start time: 04:18:30 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of competitiveinformation?Select correct option:  Corporate Market share Functional strategies Ruling concerning taxesQuestion # 7 of 20 ( Start time: 04:19:49 PM ) Total Marks: 1Which of the following is NOT the part of the marketing process?Select correct option:  Situation analysis Marketing strategy Marketing mix decisions Marketing globalization drivers
    • Question # 8 of 20 ( Start time: 04:20:38 PM ) Total Marks: 1A societys accepted basis for responding to external and internal events summarize inwhich of the following way?Select correct option:  Social agenda Culture Reference groups Cultivation possibilityQuestion # 9 of 20 ( Start time: 04:22:01 PM ) Total Marks: 1Identify the concept in which customer will prefer those products which can satisfy thecustomer needs, wants and demands.Select correct option:  Societal Concept Production Concept Selling concept Marketing ConceptQuestion # 10 of 20 ( Start time: 04:23:13 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of marketing mix?Select correct option:  Interest rate Change product Balance of payments Ruling concerning taxesQuestion # 11 of 20 ( Start time: 04:23:49 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of general conditions?Select correct option:  Exchange rate Consumer behavior Balance of payment Technological environments
    • Question # 12 of 20 ( Start time: 04:24:28 PM ) Total Marks: 1A resulting form of business in which combined firm of business shares the managementto control integrated business is known as:Select correct option:  Legal contract Joint venture Acquisition MergerQuestion # 13 of 20 ( Start time: 04:25:51 PM ) Total Marks: 1A nonbonding agreement between parties to resolve disputes by asking a third party tomediate differences is called:Select correct option:  Arbitration Litigation Conciliation CompromiseQuestion # 14 of 20 ( Start time: 04:27:17 PM ) Total Marks: 1In order to be globally aware, which of the following factor/s is/are NOT acquired ordeveloped by marketer:Select correct option:  Objectivity Tolerance of cultural differences Knowledge of cultures and history Local awarenessQuestion # 15 of 20 ( Start time: 04:28:40 PM ) Total Marks: 1Which term use as a synonym of bill of exchange?Select correct option:  Sight draft Arrival draft Dollar draft Date draft
    • Question # 16 of 20 ( Start time: 04:30:01 PM ) Total Marks: 1Which one of the following products are NOT subject to price controls?Select correct option:  Pharmaceuticals Foods Gasolines All subject to price controlsQuestion # 17 of 20 ( Start time: 04:31:07 PM ) Total Marks: 1The Theory of National Competitive Advantage was presented by which one of thefollowing scholars?Select correct option:  Recardo Adam Smith Paul Krugman Michael PorterQuestion # 18 of 20 ( Start time: 04:32:14 PM ) Total Marks: 1Which of the following trade theory explains that nations can increase their economicwell-being by specializing production of goods which they can produce efficiently?Select correct option:  Theory of absolute advantage Theory of comparative advantage International product life-cycle theory None of the given optionsQuestion # 19 of 20 ( Start time: 04:33:20 PM ) Total Marks: 1Which of the following best describe the international product life-cycle theory?Select correct option:  Extension of comparative advantage theory Explore the firm’s role in promoting exports and imports Explain the movement from absolute advantage to comparative advantage None of the given optionsQuestion # 20 of 20 ( Start time: 04:34:28 PM ) Total Marks: 1Which of the following is a marketing philosophy which summarized by the phrase "agood product will sell itself"?Select correct option:  The Selling concept The Marketing concept The Production concept *The Production concept The Societal Marketing concept
    • Question # 1 of 20 ( Start time: 04:40:52 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is NOT required under the category of foreignexchange info?Select correct option:  Laws and regulations Availability of finance Dividends in host country All of the given optionsA variety of information is needed for successfully operating in international market.Which of the following information is required under the category of market potential?Select correct option:  Functional strategies Laws and regulations Technological environment None of the given options
    • Question # 3 of 20 ( Start time: 04:42:29 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of foreign exchangeinfo?Select correct option:  Dividends Availability of human Ruling concerning taxes None of the given optionQuestion # 4 of 20 ( Start time: 04:43:27 PM ) Total Marks: 1If an Indian businessman invest in a China as foreign direct investment due to goodinfrastructure, related industry, labor availability. Owing to which factor he is investing?Select correct option:  Production costs Logistics Availability of natural resources Access to key technologiesQuestion # 5 of 20 ( Start time: 04:44:54 PM ) Total Marks: 1Identify the country that’s retail sale derived from franchising is one third?Select correct option:  Romania The USA Europe AsiaQuestion # 6 of 20 ( Start time: 04:46:20 PM ) Total Marks: 1According to your best knowledge choose the most important and basic variable thatinvolves in strategic alliances.Select correct option:  Written agreement Partner Profit Loss
    • Question # 7 of 20 ( Start time: 04:47:46 PM ) Total Marks: 1A contract in which an individual receives financial reimbursement against losses fromthe contractual company. Which one of the following is a best term for such contract?Select correct option:  Insurance Risk management Financial loss recovery Banking contractQuestion # 8 of 20 ( Start time: 04:48:17 PM ) Total Marks: 1Identify a resulting form of business in which a firm A is controlling all businessactivities and ending up the control of firm B to expand business?Select correct option:  Legal contract Joint venture Acquisition MergerQuestion # 9 of 20 ( Start time: 04:49:45 PM ) Total Marks: 1Which one of the following is the major and the most appropriate reason of strategicalliance?Select correct option:  To expand business efficiently To increase partners To just engage in global business To expand sub officesQuestion # 10 of 20 ( Start time: 04:51:16 PM ) Total Marks: 1Which of the following is NOT one of the alternative concepts under which organizationsdesign and carry out their marketing strategies?Select correct option:  Distribution concept Marketing concept Product concept Production concept
    • Question # 11 of 20 ( Start time: 04:51:49 PM ) Total Marks: 1The objectives of international marketing research are defined in which step?Select correct option:  First step Second step Third step Fourth stepQuestion # 12 of 20 ( Start time: 04:53:16 PM ) Total Marks: 1Which of the following orientations holds that consumers will favor products that areavailable and highly affordable?Select correct option:  Product concept Marketing concept Production concept Selling conceptQuestion # 13 of 20 ( Start time: 04:54:43 PM ) Total Marks: 1The historical data of a firm helps the marketer decision in which direction?Select correct option:  Clue for its future Clue for its past Clue for its present Clue for its near pastQuestion # 14 of 20 ( Start time: 04:56:01 PM ) Total Marks: 1The nature of multi-segments (more than one segment if he/she select) that a marketerselects as a target market is:Select correct option:  Homogeneous Heterogeneous Both homogeneous and heterogeneous Either homogeneous or heterogeneousQuestion # 15 of 20 ( Start time: 04:57:11 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of competitiveinformation?Select correct option:  Corporate Market share Functional strategies(doubted) Ruling concerning taxes
    • uestion # 20 of 20 ( Start time: 05:02:31 PM ) Total Marks: 1Which one is the single factor that best indicates a persons social class?Select correct option:  Occupation Fashion Money Time
    • Mkt 630 International Marketing Quiz 6/6/2011Question # 1 of 20 ( Start time: 04:08:19 PM ) Total Marks: 1Indicate the concept given below that explains “the human-made part of the humanenvironment”.Select correct option:  Sociology  Personal relations  Culture  AnthropologyQuestion # 2 of 20 ( Start time: 04:09:41 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of foreign exchangeinfo?Select correct option:  Dividends  Availability of human  Ruling concerning taxes  None of the given options
    • Question # 3 of 20 ( Start time: 04:11:10 PM ) Total Marks: 1 Identify the analysis that an international marketer uses to determine potential export in international market. Select correct option:  Two stage analysis  Three stage analysis  Four stage analysis  Five stage analysisQuestion # 4 of 20 ( Start time: 04:12:18 PM ) Total Marks: 1Which of the following trade theory explains that nations can increase their economicwell-being by specializing production of goods which they can produce efficiently?Select correct option:  Theory of absolute advantage  Theory of comparative advantage  International product life-cycle theory  None of the given optionsQuestion # 5 of 20 ( Start time: 04:13:45 PM ) Total Marks: 1A societys accepted basis for responding to external and internal events summarize inwhich of the following way?Select correct option:  Social agenda  Culture  Reference groups  Cultivation possibilityQuestion # 6 of 20 ( Start time: 04:15:05 PM ) Total Marks: 1Which of the following theory holds that a nation should produce & export those goods& services for which it is relatively more productive than other nations?Select correct option:  Theory of absolute advantage  Theory of comparative advantage  International product life-cycle theory  None of the given options
    • Question # 7 of 20 ( Start time: 04:15:52 PM ) Total Marks: 1What is the second step in the report preparation and presentation process?Select correct option:  Data analysis  Report preparation  Interpretation and conclusions  Oral presentationQuestion # 8 of 20 ( Start time: 04:17:22 PM ) Total Marks: 1Which of the following is NOT a deciding factor of international market evaluation?Select correct option:  Political risks  Local competition  Non-trade barriers  All of the given optionsQuestion # 9 of 20 ( Start time: 04:18:44 PM ) Total Marks: 1Identify which of the following group of countries centrally planned communist runnations belong?Select correct option:  First world  Second world  Third world  Fourth worldQuestion # 10 of 20 ( Start time: 04:19:35 PM ) Total Marks: 1Heavy investment is required to do business in a current market, owing to which of thefollowing factor?Select correct option:  Shorting product life cycle  Increasing licensing agreement  Increasing risks in licensing  Cross licensing
    • Question # 11 of 20 ( Start time: 04:21:04 PM ) Total Marks: 1Which of the following represent major internationalization motives for a firm?Select correct option:  Overproduction  Non-tax benefits  Information source  None of the given optionsQuestion # 12 of 20 ( Start time: 04:22:22 PM ) Total Marks: 1Which of the following holds that the organization’s task is to determine the needs,wants, and interests of target markets and to deliver the desired satisfactions moreeffectively and efficiently than competitors?Select correct option:  The Product concept  The Marketing concept  The Production concept  The Societal Marketing conceptQuestion # 13 of 20 ( Start time: 04:23:41 PM ) Total Marks: 1Mercantilism philosophy explains about import and export balance. Which one of thefollowing is the consistent with this philosophy?Select correct option:  Export more goods  Import more goods  Imports equal to exports  Imports greater than exportQuestion # 14 of 20 ( Start time: 04:24:47 PM ) Total Marks: 1The Theory of National Competitive Advantage was forwarded in which of the followingyear?Select correct option:  1960  1970  1980  1990
    • Question # 15 of 20 ( Start time: 04:25:38 PM ) Total Marks: 1Most cluster methods are heuristics, which are based on which of the following?Select correct option:  Algorithms  Statistical reasoning  Statistical procedures  TheoriesQuestion # 16 of 20 ( Start time: 04:27:08 PM ) Total Marks: 1Choose the nature of product life cycle of luxury product where cost is less important.Select correct option:  Short product life cycle  Long product life cycle  Medium product life cycle  Undefined product life cycleQuestion # 17 of 20 ( Start time: 04:28:27 PM ) Total Marks: 1Which of the following is the part of the marketing process?Select correct option:  Marketing strategy  Favorable trade polices  Market globalization drivers  Common marketing regulationsQuestion # 18 of 20 ( Start time: 04:29:10 PM ) Total Marks: 1Which of the human wants are backed by buying power?Select correct option:  Needs  Wants  Demands  Exchange
    • Question # 19 of 20 ( Start time: 04:29:48 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of market potential?Select correct option:  Demand estimate  Consumer behavior  Review of products  All of the given optionsQuestion # 20 of 20 ( Start time: 04:30:37 PM ) Total Marks: 1A contract in which an individual receives financial reimbursement against losses fromthe contractual company. Which one of the following is a best term for such contract?Select correct option:  Insurance  Risk management  Financial loss recovery  Banking contract
    • Question # 1 of 20 ( Start time: 10:53:38 PM ) Total Marks: 1All of the arguments are against the Mercantilism philosophy EXCEPT:Select correct option:  Bullion reserves are in favor of nation  Wealthy citizen pay tax more  Many exporter loss subsidies  Accumulation of gold is not real wealthQuestion # 2 of 20 ( Start time: 10:54:58 PM ) Total Marks: 1Which of the following mode of international business dispute resolution is nonbondingagreement between parties to resolve disputes by asking a third party to reconciledifferences?Select correct option:  Litigation  Mediation  Compromise  Arbitration(doubted)Question # 3 of 20 ( Start time: 10:56:29 PM ) Total Marks: 1Which one of the following is an acronym of SWOT?Select correct option:  Strategy, working, opinion, tactical  Strengths, weaknesses, opportunities, threats  Strategy, work, openness, toughness  Strategy, weakness, opinions, tactics
    • Question # 4 of 20 ( Start time: 10:56:54 PM ) Total Marks: 1Identify the exchange rate system in which exchange rates are allowed to move onlywithin limits.Select correct option:  Fixed Exchange Rate System  Flexible Exchange Rate System  Managed Exchange Rate System  Moderate Exchange Rate SystemQuestion # 5 of 20 ( Start time: 10:57:50 PM ) Total Marks: 1Which of the following best describes the reactive marketing?Select correct option:  Simply selling  After sales calls to get feedback  Encourage customers to contact for queries  Contact customers to seek input for future improvement in productsQuestion # 6 of 20 ( Start time: 10:58:40 PM ) Total Marks: 1Which of the following treaties covered the way for effective a worldwide tariffagreement?Select correct option:  WTO  GATT  NAFTA  NATOQuestion # 7 of 20 ( Start time: 10:59:03 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of marketing mix?Select correct option:  Interest rate  Balance of payments  Ruling concerning taxes  Demand and profitability analysis
    • Question # 8 of 20 ( Start time: 10:59:55 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of competitiveinformation?Select correct option:  Corporate  Market share  Functional strategies  All of the given optionsQuestion # 9 of 20 ( Start time: 11:00:41 PM ) Total Marks: 1A variety of information is needed for successfully operating in international market.Which of the following information is required under the category of marketing mix?Select correct option:  Laws  Add products  Functional strategies  Expectations analysisQuestion # 10 of 20 ( Start time: 11:01:14 PM ) Total Marks: 1Identify which of the following group of countries centrally planned communist runnations belong?Select correct option:  First world  Second world  Third world  Fourth world
    • Question # 11 of 20 ( Start time: 11:01:38 PM ) Total Marks: 1According to the theory of absolute advantage, a country can have certain advantagesover other countries, which of the following is the acquired advantage?Select correct option:  Climate conditions  Natural resources  Cheap labor-force  None of the given optionsQuestion # 12 of 20 ( Start time: 11:03:01 PM ) Total Marks: 1Which of the following is a disadvantage of pre-designed measurement questions?Select correct option:  Customized  Enhanced validity  Reduced project costs  AvailabilityQuestion # 13 of 20 ( Start time: 11:04:19 PM ) Total Marks: 1Which of the human wants are backed by buying power?Select correct option:  Needs  Wants  Demands  ExchangeQuestion # 14 of 20 ( Start time: 11:04:47 PM ) Total Marks: 1Which form of international commercial payment that involves one or more banks?Select correct option:  Bill of exchange  Letter of credit  Sight draft  Date draft
    • Question # 15 of 20 ( Start time: 11:05:59 PM ) Total Marks: 1Which of the following aspect allows trade of products & services between countriesregarding country similarity theory?Select correct option:  Same culture  Similar infrastructure  Same per-capita income  All of the given optionsQuestion # 16 of 20 ( Start time: 11:06:35 PM ) Total Marks: 1What is the second step in the report preparation and presentation process?Select correct option:  Data analysis  Report preparation  Interpretation and conclusions  Oral presentation(doubted)Question # 17 of 20 ( Start time: 11:07:34 PM ) Total Marks: 1The groups of countries that need time & technology rather than massive foreign aid tobuild modern developed economics belong to which one of the following world?Select correct option:  First world  Second world  Third world  Fourth world Question # 18 of 20 ( Start time: 11:08:10 PM ) Total Marks: 1 If a nation uses tariffs, quotas, and non-tariff barriers to restrict trade so that domestic industries can flourish, it may be differentiate as: Select correct option:  Embargoes  Boycotts  Protectionism  Predatory pricing
    • Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1The focus of physical environment is on which of the following variables?Select correct option:  Shipping distance (doubted)  National economics priority  Balance of payment  Focus on differences and similarityQuestion # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1The need to compete for international market was made inevitable by the economicsystem employed by most nations is based upon:Select correct option:  Socialism  Mass production  Communism  Barter
    • Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1The focus of physical environment is on which of the following variables?Select correct option:  Shipping distance (doubted)  National economics priority  Balance of payment  Focus on differences and similarityQuestion # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1The need to compete for international market was made inevitable by the economicsystem employed by most nations is based upon:Select correct option:  Socialism  Mass production  Communism  Barter
    • Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1The focus of physical environment is on which of the following variables?Select correct option:  Shipping distance (doubted)  National economics priority  Balance of payment  Focus on differences and similarityQuestion # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1The need to compete for international market was made inevitable by the economicsystem employed by most nations is based upon:Select correct option:  Socialism  Mass production  Communism  Barter
    • Question # 19 of 20 ( Start time: 11:09:25 PM ) Total Marks: 1The focus of physical environment is on which of the following variables?Select correct option:  Shipping distance (doubted)  National economics priority  Balance of payment  Focus on differences and similarityQuestion # 20 of 20 ( Start time: 11:10:17 PM ) Total Marks: 1The need to compete for international market was made inevitable by the economicsystem employed by most nations is based upon:Select correct option:  Socialism  Mass production  Communism  Barter